Surveillance technology supplier Thruvision (LON: THRU) has received notice of intent from a large US airport for Thruvision’s spotCHECK people-screening equipment. The procurement and approval processes should be completed before the end of December. The equipment is to meet the requirements of the TSA mandate on aviation worker screening. Further contracts could be won by the end of the year. The share price rebounded 31% to 0.95p.
Block Energy (LON: BLOE) has received an indicative farmout offer on Project III gas appraisal asset in Georgia from a large energy that wants gas to support its petrochemical interests. The potential deal includes a full carry of $25m-$30m of appraisal and development spending on the Patardzueli-Samgori field. The stake the partner will have has not been negotiated yet. The value of Block Energy’s retained interest in the asset could be more than the current market capitalisation. The share price increased 15.4% to 0.75p.
Hercules (LON: HERC) has won major labour supply contacts with Thames Water and Anglian Water worth £6.2m in total. They start in the first quarter of 2026 and are likely to last for six months. The AMP8 water capital investment five-year period has just started and spending is building up, so more contracts are likely. The share price gained 9.76% to 45p.
Kropz (LON: KRPZ) says its subsidiary and ARC Fund have agreed a $14.4m loan. This will provide working capital for the Elandsfontein phosphate project, which is building up production and has not reached breakeven. Kropz director Gerrit Duminy is the representative of ARC Fund. The share price rose 7.69% to 0.7p.
Dr Graham Cooley has raised his stake in spirits company Distil (LON: DIS) from 18.1% to 20.9%. The share price recovered 6.82% to 0.1175p.
FALLERS
Wishbone Gold (LON: WSBN) plans to release assay results for the Red Setter gold dome project in Australia over the next few months. It will then formulate a plan for 2026. An application has been made to build a new access road, and this will make it easier to undertake drilling. The share price slumped 24.6% to 50.5p.
Frontier IP (LON: FIPP) reported a decline in revenues and a higher loss despite a £1.3m disposal gain. There was a swing from an unrealised gain on investments of £1.28m to a loss of £3.04m. There was a £3.49m cash outflow from operating activities during the year. Cash was £2.53m at the end of June 2025. Five investee companies raised money in the year to June 2025 and there has been another raising money since then. Investment realisations are being considered. NAV has fallen from 79.7p/share to 61p/share. The share price slipped 10.8% to 16.5p.
Helium One Global (LON: HE1) has commenced operations in southern Rukwa ahead of further testing. An electrical submersible pump is expected to arrive by the end of December so that further testing can start. The logging of the open hole Basement section will be completed before that testing, which could help to increase flow rates. The share price declined 3.9% to 0.37p.